Category Archives: starting your own business

Through Ireland’s Best Young Entrepreneur competition (#IBYE), over 90 people aged between 18 and 30 will win €10,000 – €20,000 to invest in their own businesses in Ireland this year.

That lump sum can buy that new piece of equipment you need; it can pay the salary of a new employee joining the team or it can fund that marketing campaign that will help your business expand into new markets.

Last year, Philip Martin used his prize money to buy specialist machinery, helping him to open Ireland’s first tortilla-making factory in Tipperary (Winner: Best Business Idea).

The money also helped Eamon Keane take on highly skilled staff at Xpreso Software in South Dublin (Winner: Best Start Up Business/ Overall Winner). And it came in very handy when Dean Gammell from Westmeath was expanding his group booking software business into the UK (Winner: Best Established Business).

Every Local Enterprise Office (LEO) around the country has €50,000 (each) to invest in three local businesses and start-ups – and with 31 LEOs, that bring the total number of winners to 93. Each local winner will get an injection of cash between €10,000 and €20,000 to put straight into their business.

And that’s just the start!

Up to 500 young entrepreneurs and business owners will also be invited to take part in Business Bootcamps around the country, helping them finely tune their business plans or learn new enterprise skills. One-to-one mentoring and business coaching will also be available, through all 31 LEOs.

To be in with a chance to win, complete the entry form through the IBYE website on-line. But hurry, the deadline to enter this year’s competition is July 31st 2015.

There are some competition terms and conditions (you have to be aged between 18 and 30 for a start and your business idea or existing business must be in Ireland), but if you don’t try, you can’t win!

(#IBYE is completely free to enter and is part of the Action Plan for Jobs 2015. It is supported by the Department of Jobs, Enterprise and Innovation through Enterprise Ireland and the Local Enterprise Offices http://www.ibye.ie)